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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: DJBEINO who wrote (5064)	6/18/1999 5:36:00 PM
From: Chi Pan	Read Replies (2) \| Respond to of 9582

alsc book value calculation: assume exchange rate 1$=32.36NT share: 247.7 (usc) 35.6 (usic) total: 283.3 million shares 283.3 x 75 (umc share price) / 32.36 = 656.6$ investment base 98$ gain: 656.6 -98 = 558.6 assume tax rate 38% after tax gain: 558.6 x 62% = 346.3 book value on investment in umc = 98 (base) + 346.3 = 444.3 investment in broadcom: 60 (use other people's number) after tax gain: 60 x 62% = 37.2 other (alsc itself and charter semi): 100 (per balance sheet) total book value: 444.3 + 37.2 + 100 = 581.5 million book value per share: 581.5 / 41.5 = $14 / share